Nvidia Poised to Ride AI Revolution to Further Growth Due to Dominance in Critical AI Chips and Software
• Nvidia is central to the AI revolution due to its graphics processing units (GPUs) which are ideal for AI's data processing needs • Nvidia has a competitive advantage in AI hardware and software that has helped it dominate the market • Despite expensive stock price, Nvidia trades at attractive valuation multiples given expected high earnings growth • Analysts overwhelmingly rate Nvidia stock as a Buy due to its leadership position in high-growth AI market • AI revolution still in early stages so Nvidia poised to benefit from surging demand for AI chips and software